The Reliability Of The 2nd Layer Of Ethereum

Posted by Somendra Kumar on July 30th, 2022

Layer 1 is the fundamental blockchain. Bitcoin and Ethereum are both layer 1 blockchains since they serve as the foundation for numerous layer 2 networks. Layer 2 ideas include Ethereum "rollups" and the Lightning Network atop Bitcoin. All layer 2 user transaction behavior can eventually settle back to the layer 1 blockchain. Ethereum also serves as a data reliability layer for layer 2 applications. Layer 2 applications will store transaction data on Ethereum and lean over it for data availability. This information can be used to determine the condition of Layer 2 or to challenge transactions on Layer 2. You can find more about the reliability of the 2nd Layer of Ethereum from Cryptoknowmics. 

Things Are Shaping Up

Get the list of Ethereum Layer 2 projects from Cryptoknowmics. Despite the hype around cross-chains and "Ethereum killer(s)," many initiatives that began on the Ethereum platform have yet to transition to alternate alternatives. Other projects that have done this continue to devote the bulk of their personnel and material resources to create applications for the Ethereum network. Cross-chain projects have yet to master the process of cloning these programs on their own network and are only able to generate somewhat inferior copies. The Ethereum layer is certainly going to make things better in the next coming years.